He fled Germany as Adolf Hitler came to power in nineteen thirty-three. Drucker spent four years in Britain as an adviser to investment banks. He then came to the United States.
In the nineteen forties, Drucker argued the desire for profit was central to business efforts. He also warned that rising wages were harming American business.
He was later invited to study General Motors. He wrote about his experiences in the book "The Concept of the Corporation." In it, he said that workers at all levels should take part in decision-making, not just top managers.
Peter Drucker was a voice for change and new ways of thinking about social and business relations. He used terms like "knowledge workers" and "management goals." Many of his ideas have become highly valued in business training and politics.
Later in his career, however, he warned that businesses that seek only profit growth help their competitors.
Peter Drucker received the Presidential Medal of Freedom from President George W Bush in two thousand two. He died at his home in Claremont at the age of ninety-five.
And that's the VOA Special English Economics Report. I'm June Simms.
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